AG Cooper still fighting Duke Energy rate hike

The NC Supreme Court is not as supreme as it thinks:

A year ago, the state Supreme Court struck down a rate increase that the state Utilities Commission awarded to Duke Energy Corp. and ordered the panel to reconsider the increase in light of its impact on consumers. Now, Cooper is appealing the same increase to the high court, arguing that the Utilities Commission ignored the ruling.

“The court has already ruled once that consumers must be taken into account when setting utility profits but it still hasn’t happened,” Cooper said in a statement. “Even when given a second chance to get it right, the commission didn’t really consider consumers and approved the exact same rate hike.”

And as long as we allow this flawed formula to continue, where a rule-making commission is tasked with being concerned about profits for wealthy shareholders, many of whom do not even live in North Carolina, the unfairness will be ever-present. Any other private industry would need to dip into profits or borrow to make infrastructure improvements, which would force them to calculate the true need and ROI for such, and Duke Energy should be no different.


The NC Utilities Commission

mission statement:

The Commission is responsible to both the public and utilities and, by law (G. S. 62-2), must regulate in a manner designed to implement the policy of the State of North Carolina to:

Provide fair regulation of public utilities in the interest of the public.
Promote the inherent advantage of regulated public utilities.
Promote adequate, reliable, and economical utility service.
Promote least cost energy planning.
Provide just and reasonable rates and charges for public utility services and promote conservation of energy.
Assure that facilities necessary to meet future growth can be financed on reasonable and fair terms.
Encourage and promote harmony between utility companies and their customers.
Foster planned growth of public utility services.
Coordinate energy supply facilities with the state's development.
Cooperate with other states and the federal government in providing interstate and intrastate public utility service and reliability of energy supply.
Facilitate the construction of facilities in and the extension of natural gas service to unserved areas.

Seems like they're seriously failing in their mission.

"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014